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Current
Jan 16, 2013 3:00am PST
to do about the debt ceiling right in the middle of all of those negotiations, a good friend from chicago making her first visit in studio we are pleased to welcome congress woman january schakowsky. >> great to look in your face. >> not that bad? >> no. it's very good. >> we are joined by evan mcmorris-santoro who is here as a friend of bill from talking points memo. if you see him lurking around the halls of congress trying to stir up trouble. even before the set of relations today, the nra struck a blow last night. i think a pretty low blow where their recommendation, of course, is that the answer to the newtown tragedy was to give every teacher in america a gun, to arm every teacher in america. >> that's right. >> the president said he wasn't too impressed by that solution. the nra struck back yesterday, calling the president in this ad an elitist hypocrite because he has secret service protection for his daughters and not every american parent does. here is what that ad sounds like: are the president's kids more imports than yours? why is he ske
FOX Business
Jan 15, 2013 9:00pm EST
obama raising eyebrows say we are not a deadbeat nation, but is he right? and as the debt ceiling comes closer, will the white house use the nuclear option? does he have the legal authority to do so? that's next. this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ gerri: is another credit downgrade coming? fitch warning today they will downgrade the u.s. triple-a-rated give the debt ceiling is not raised. with more of possible economic fallout, moody's chief economist. all right. if they do this, what happens to the economy, the stock market? >> well, i would think that financial markets have had enough warning of a possible downgrade of the u.s. aaa credit rating by an agency other than s&p, and thus perhaps it would not have that damaging impact. the downgrade was not especially g. that being said there will be a negative psychologic
Current
Jan 15, 2013 9:00pm PST
's exactly right. there is a lot of misunderstanding about the debt ceiling. most americans think the debt ceiling is congress giving itself permission to spend more money. when they understand it is about do we default on our bills they say what? you're not going to pay your bills? that's what the debt ceiling is about. one of the things i advocated was the restoration of the gephardt rule that said when congress voted for a budget, let's say it voted for the iraq war that cost a trillion dollars, then at the moment that they voted for that program the debt ceiling would be adjusted up or down to reflect the budget they just voted for. that's what most americans would do. so this debt ceiling is all about hypocrisy. it is all about pretending that we have an option about paying our bills. by the way, a lot of the bills we have to pay are things i was adamantly opposed to. i didn't want to go to war in iraq. i didn't want to have nation building in afghanistan. i thought the bush tax cuts were ill-advised but i'm a member of congress. america committed itself to those and i've got to stand
FOX Business
Jan 16, 2013 6:00pm EST
of the show. >> coming up on "the willis report", republicans split on their debt ceiling stances? we have against the weight on what is really going on. and earnings season is in full swing. our expert is here to share the financial sea of hot on right now. and in hard times, what industry has thrived? even the wealthy are flocking in. the star of on stars, richardson is here to discuss how you can cash in. we are on the case next on "the willis report." ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. gerri: there is definitely a debt ceiling looming
CNBC
Jan 15, 2013 7:00pm EST
armstrong go to jail? the kudlow report begins right now. >> here is my quick take on his debt ceiling stand off. do not mess with the credit rating with the united states of america. however, you can race the debt ceiling and cut spending at the same time. on top of that, you kcan fix th $2 trillion situation. that is my take. charlie wrangle from new york and i begin with you. i don't understand why that can't be done. you can get that done. you are one of my buddies, but i object to you using the default. you have enough cash flow and the vast majority. i hate that argument. i know. but it is wrong to call it default. >> why not avoid default all together. because i believe it distorts the rest of the debate the good congressman and i need to have. >> cutti inting spending, i don want to get hung up on default. it is all bad. welcome back, sir, why can't we have our cake and eat it too? why can't we compromise with spending cuts at the same time too? >> we can do it as long as we recognize it is apples and oranges. our obligation has nothing to do with our inability to govern our own spen
CNBC
Jan 16, 2013 5:00pm EST
? and where is the timing? right after the debt ceiling debate? >> yeah, i sure wish i knew on the timing. i think right now, the way we're structuring sug sessigestions i portfolios, yeah, risk on but with caution. i would go for -- i would go for more defensive stocks, utilities, dividend payers, consumer staples, things like that. we also like natural gas, north american energy. there are other special things, we're short the yen. but it changes dramatically. >> right. >> if and when you get the shock and you move to risk off, because when you don't want to own equities. >> no surprise, all the sectors you mentioned so far are very defensive. but at the same time, you see opportunity in small luxury names. why is that? >> yeah, that's the kind of thing that people even when they're stressed, they want to buy, whether it's a fancy bottle of booze , imported beer, something in a small box, maybe it's only cuff links, but it's in the blue box -- >> and that's just the desk right here, gary. >> blue box? >> you look for example at used merchandise stores, their stocks, they are growing in dou
FOX Business
Jan 16, 2013 1:00pm EST
good is it? >> well, i think as it stands right now the debt ceiling is one of the only reminders that's there to push action. if we take a step back, think about how we should actually deal with this, which is there is a huge fiscal problem. we all know that. congress, instead of fighting over the debt ceiling and fingerpointing on the general issues, should be working to fix that problem. we know that is going to take, involve looking at all the different areas of the budget and really making the tough choices about how you bring the debt so it is no the growing faster than the economy. congress seems to use every opportunity to pick a partisan fight. should we use the debt ceiling. should we not use the debt ceiling and to punt on these issues. if one members of congress are back here working and two, they were working on fixing problems we know exist. our deficits are too large. we're borrowing too much. they could actually put in place a plan that would gradually deal with these problems. you lift the debt ceiling because you have resolved what is standing in the way. must be a sm
FOX Business
Jan 16, 2013 5:00pm EST
make sense of investing. adam: before we get to the debt ceiling. california overestimated how much tax revenue they would get from the facebook ipo. the overestimated by $600 million. you can hear jerry brown doing a homer simpson. can you trust governments to get the numbers right? the fight over the debt ceiling is in full force. as democratdemocrats propose a o eliminate it completely and the ratings have come out with two scenarios in which it was downgraded the u.s. credit rating. not good news. some republicans are relishing the debt ceiling does indeed have to be raised. joining us now, ihs chief economist and we appreciate you being here. is this fight we are about to have necessary, and what is going to happen to whether it is the global market, 401(k), what will happen to all of us if congress passes this fight? >> this is not a necessary fight. this situation created by congress which sent the debt ceiling from years ago in hopes it would impose some discipline but of course it hasn't because it has been raised and raised and raised and now it is a source of a contentious de
MSNBC
Jan 15, 2013 7:00pm PST
the debt ceiling in the first place. so that doing the rational thing could actually simply look rational when they chose to do it. >> right, exactly. they -- if they had never made a big deal about this to begin with then they wouldn't be in this situation. now, obama kind of aided and abetted them because he wanted it to be the debt ceiling leverage that he kind of wanted this grand bargain in 2011. that never happened. since then, he has been consistent saying i am not going to mess around with the debt ceiling anymore. and good for him on that, you're right. as newt gingrich said, wisely and moderately and reasonably, he said don't pick this fight because you're going to lose it. don't create a national crisis around this that will only wind up with you caving. so just do it quietly, early, the sooner you do it the less attention and less people notice that you -- that all of this happened. >> so the only thing i would say about all of this, some of us have this sense of relief when we dealt with the fiscal curve. and now with the debt ceiling, if we blow through these without a crisi
FOX News
Jan 16, 2013 8:00am PST
the artificial cap that the debt ceiling is indeed. democrats are explaining this in a press conference right now as we speak, so we'll be learning a lot more about it as the day progresses. republicans obviously deeply opposed to this thing, fearful that democrats will indeed use it to allow spending to go up and up. here is senator john barrasso speaking on fox news this morning. >> we have a spending problem in this country. people all across the country know it. they know it in wyoming. families have to balance their budget every year. many states do. we do in wyoming. it is time for the senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. >> reporter: earlier this week we heard from house majority whip, minority whip, i should say, steny hoyer, increased revenues, more spending has to be part of any debt ceiling deal. that is a sentiment echoed by the president on numerous occasions since he was reelected. republicans of course in the house are set to go on their retreat this week. their key objective is to f
CNBC
Jan 16, 2013 12:00pm EST
ceiling negotiations? >> reporter: well, clearly, everything in washington is linked, right? because both of these things are moving at the same time. both are deeply fundamental issues. both affect your vision of how the federal government ought to operate, what kind of government we ought to have in this country. the president just now in those remarks about gun violence saying that it represents a clash of rights. the right of freedom of religion for sikhs who are gunned down in a place of worship or free tom of assembly for those who are just trying to go shopping or see a movie versus second amendment rights to bear arms. these are very fundamental issues. same with the debt ceiling. it's a very fundamental sense of how big the government should be. both of those are going to be very hard fought and they're going to be hard fought, as you say, at exactly the same time. >> thanks so much. eamon javers for us outside the white house reacting to those proposals today from the president. >>> when we come back from a short break, we'll consider the financial fallout from the president's a
CNBC
Jan 16, 2013 6:00am EST
the debt ceiling up, or get resolved within -- >> that mean the market's at risk? it would seem yes, right? >> see, if you -- my opinion of what will happen is if there's any small breakdown in it, you know, if there's threats that they may downgrade the s&p, whatever, we'll see a breakdown in s&p down to like 14.50, 14.40. but there are so many people waiting on the sidelines, so much cash. and people looking at u.s. equities over the safety play. they'll start coming in, they'll buy. it i think it's going to be a good year for the s&p this year. >> what does earnings season do? hearing from jpmorgan and goldman sachs, the financials have been a driver of major averages moving higher this year. >> yeah. a lot of people have such a low bar set for the financials. they've been under pressure for what seems years now. you know, everyone's going to talk about jpmorgan i think that, you know, whatever happened with earnings -- >> the stocks themselves are -- have done phenomenally well on a relative basis. goldman sachs higher, for example, that we're showing. bank of america, et cetera. >> ye
MSNBC
Jan 16, 2013 9:00am PST
to the right. even on the debt ceiling, they want to shut down part of the government to do what, protect their special interests and screw everybody else. they are marginalizing themselves and painting themselves in a corner. democrats' job is to highlight that for the american people, because these debates are going to really flush out where those bases are. >> we thought the campaign was over, but it ain't over. >> just getting warmed up. >> never over. >> warming it up. thank you to karen finney, david corn, leigh gallagher. i'll see you back here tomorrow when i'm joined by glenn thrush, maria theresa kumar, and the new yorkers's nick palmgarthen. "andrea mitchell reports" is coming up next. >>> here's your business travel forecast. all eyes on the eastern seaboard today as the storm system brings snow, sleet, and rain. worst of the slippery conditions in southern new england and central new england. mostly snow there. little sleet through jersey and the southern portions of the coast. southeast, heavy rains today for atlanta. numerous airport delays are possible. check with your air
MSNBC
Jan 16, 2013 12:00pm PST
out of the debt ceiling without having congress make the decision themselves. do you think that's right to put the ball in the court of the republican house caucus and said you guys have the choice. are you going to raise it or cause a default and deal with those economic consequences? >> i don't know if it's the right strategy. i wish he had not ruled out the 14th amendment or the coin. he is betting that the republican party is not completely insane. i hope that's a good bet. i'm not sure it is. what the republicans are doing is saying that's a nice economy. like a 1930s gangster movie. that's a nice economy. pity if it blows up if you don't pay me off with what i want. that's a direct threat and the hostage is the entire economy. we will default and if we default, we will have a depression. a real depression and the interest rates will spike on every public and private loan. we will have a mass unemployment like now. now. i love the mafia analogies. keep it up. the sandy relief bill. this is not supposed to be politicized. 179 republicans in the house vote against it includin
CSPAN
Jan 16, 2013 9:00am EST
an increase in the debt ceiling so we can pay our debt, pay our bills but that's the right way to do. and you know, i think that's what will eventually happen. but i don't think that going off in the other direction would really be all that helpful. >> hello, i'm one. i am a second year student at the ford school. studying in science and technology to the second question from the audience, does the debt ceiling still have a practical purpose? could be eliminated without much consequence of? >> does what? >> the debt ceiling. >> no, it doesn't really have -- it's got symbolic value i guess, but no other country i believe, maybe one or two of the countries but i think essentially no other countries in the world have this particular institution. just so everybody understands what it is, the congress appropriates $100, tells the government to spend $100 on whatever, and then it raises $80 in revenue through its tax code. now, there is arithmetic here. so says you've got to borrow $20, right? no. the congress has to give a third row which has 100 minus 80 equals 20. there really is, if the congres
CNBC
Jan 16, 2013 2:00pm EST
ceiling is an issue for down the road? base book suggests an issue for right now. let me get to other issues first and i will get back to that. rebounding from hurricane sandy. holiday sales modestly higher but appear to be below expectations. manufacturing is mixed with the outlook generally optimistic. real estate is up in all districts and real estate growth was moderate to strong in all districts. now we get to the fiscal cliff issues. hiring times are cautious especially for companies doing business in europe and defense. hiring plans specifically delays in six district due to fiscal uncertainties. let me show you individual comments from the districts when it comes to the fiscal uncertainties. real estate context with down side risk because of potential fiscal contraction. weaker holiday sales in new york to on-line shopping, mild weather and fiscal cliff concerns. in philadelphia, staffing agencies, watching reaction, quoting with serial fiscal cliff decisiones. cleveland, auto workers worried about the impact on sales. even in in dallas, where farmers are usually worried with
FOX Business
Jan 16, 2013 4:00pm EST
, as you see. we've got them moving higher today. david: the battle over the debt ceiling and paying the bills that d.c. is racking up continues. representative jerry nadler, happens to be my representative, he is looking to stop future fights. he has introduced legislation to end the debt ceiling debate by getting rid of the debt ceiling all together. but would that give too much power to the president? that is the argument. that is the debate. we'll take you and jerry nadler there coming up. liz: germany's central bank pulling some of its gold out of new york and paris. we have somebody who says you need to look at this because it could turn out to be good news for gold prices. he also says we could see 1900 an ounce by the end of the year. find out why and how you could play this one. david: we all love gold. first before we get to all those stories we'll tell you what drove the markets with today's data download. it is a mixed day on wall street. dow settling lower while the nasdaq and the s&p posting gains the dow snapping a five-day winning streak. technology and energy were to
CSPAN
Jan 16, 2013 7:00am EST
bob goodlatte later on. next we will switch topics and take a look at the debt ceiling debates coming up as well as tax reform with the top democrat on the house ways and means committee, sander levin. we will take a break and we will be right back. >> ♪ ♪ [video clip] >> the greatest honor history can bestow is the title of peacemaker. this honor now beckons america a chance to help lead the world at last out of the valley of turmoil and onto the high ground of peace that man has dreamed of since the dawn of civilization. [video clip] >> we must embark on a new program, the benefits of our thentific event advances, for improvement and growth in underdeveloped areas. >> this weekend, exploring the history and traditions of presidential inaugurations. live saturday morning at 11:00 eastern, part of three days of american history tv, right through inauguration day, on c- span3. [video clip] >> he had been talking about this dream that he and had. he talked about it for years, the american dream, then it becomes his dream. he had been in detroit just a few months before and he had ta
CNBC
Jan 16, 2013 3:00pm EST
of trying to solve the issues with the debt ceiling that are somewhat disturbing to the markets, the eventual solutions could be every bit as disturbing. >> and even bruce mccain with the uncertainties crowneding the economy and what's going on in washington, we've had big inflows into the market and to mutual funds and other things, and that's significant for you, isn't it? >> absolutely. we've seen a willingness to take more risk. i think the downside is that we're also seeing a bit of complacency come into the market, and with uncertainties, especially the fiscal cliff the sequel ahead of us, we think there's opportunities for some disruption of that positive feel-good feeling we're seeing in the market right now. >> all right. how do you want to allocate capital then, bruce? how are you investing in this environment? >> we think it's important not to be taking too little risk, so certainly making sure that you have adequate exposure, especially to things like the emerging markets where the fundamentals of growth are a lot better than they are in the united states is clearly
CSPAN
Jan 16, 2013 5:00pm EST
: okayment congressman? >> guest: i think you're right. i think you're talking about the debt ceiling and porting in jeopardy the full phase and credit of the country will hurt everybody, surely middle class people and people who are trying to climb up the ladder. it's wreckless, and when they talk without, well, let's pay some of the bills, and let's not pay others. i said to a reporter, asked me yesterday about this, i said, well, now you tell me which ones. you know, individual homes have trouble doing that and prefer not to. a nation the greatest nation in the world says we're going to pay some bills and not others and bondholders and defense contractors, and social security recipients. >> host: jodi on twitter asks "why is medicare, social security, and veterans services the only thing we hear about? isn't there administrative costs?" >> guest: sure there's administrative costs. administrative costs in social security and medicare. by the way, it's in terms of administrative costs in better any other. of course there are. there's always a need to have more efficiency, but there i
FOX Business
Jan 15, 2013 8:00pm EST
, you would be willing to risk not raising debt ceiling, producing a partial government shut down, to make that point? >> absolutely. i would much rather bring on a controlled problem, right now that perhaps could lead to us a solution for the greater problem. if we don't do this, neil,t and and i think you know, we'll have a debt collapse at some point in the future, at a time not of our chosing, en controlled and uncontrol able and we will not be able to fix it. in order to convince this president we need to reduce entitlement spending we have to go over the new cliff, if you will, for partial government shut down, i'll take that because we will prevent a bigger less controllable problem later. neil: will you be willing to take the blame, however unfairly it might be as producing the government shut down it so republicans that we have this financial anarchy? >> i hope what people would recognize, and people would realize, is that we cannot continue with trillion dollar deficits, period. the country will go in to a debt collapse. we will have problem like greece, like spain, like
CSPAN
Jan 15, 2013 11:00pm EST
of breaching the debt ceiling if it's not reached? >> now. >> it was the right call? >> i think so because it gets back to the first question for mr. kline about where we are. and to my comments about the change in the republican right, i really think the president had no choice but to essentially say to the republican party, you should not gobble with that ceiling, that is something that would have such serious can't quinces. and i don't want to essentially see if i can find ways around that. this is a very problematic and essentially what we have to do is face up to the need to address the sequester and then move on. and i don't want you to use as a weapon in the debt ceiling because it's not a weapon against me. it's a weapon against the full faith and credit of the u.s. in therefore is essentially what it began to citizens of this country, our economy and the global economy. and i think he needed to be straight up and not say that essentially what i will do is look for ways around it. the republican caucus, as we said at the beginning has so dramatically change from when i joined ways
FOX Business
Jan 16, 2013 12:00am EST
. there has been hip pock chris at this on all sides on this. republicans have voted against the debt ceiling increase. democrat president. dome kratz like the president voted against raising debt limit when he was in the senate and there was republican president. there is hypocrisy all over the place. what was particularly bothersome from the president we didn't hear from him any suggestion of where he wants us to go to solve the long-term problem. i go back to what we all understand is the cause of the problem here and that is entitlements and we need structural reform. melissa: last word real quick, we have to go. >> we'll never get to entitlement reform with a gun to your head that is what is happening with the debt ceiling. >> we didn't get to it fore then. melissa: great discussion. next on "money", a stunning number of americans are using their 401(k)s to pay for every day expenses. a top financial planner said you couldn't make a worse decision. he is here to explain. we also asked for some other options if you're in this situation. >>> plus, dand for gas is falling to lows not seen i
CNBC
Jan 16, 2013 9:00am EST
, for everything from the debate over the debt ceiling, to gun control, as we await the president's proposal in a live conference. more on "squawk on the street" right after this break. ♪ [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >>> let's get to the cme group on a wednesday morning and go to ric
CSPAN
Jan 16, 2013 1:00pm EST
are saying this will come down on middle class americans. you're referencing if the debt ceiling is not raised? caller: the middle class starts at like $75,000. what about the people that are making $20,000, $30,000, $40,000? host: ok, congressman. guest: i think you're right. i think you're talking about the debt ceiling and putting in jeopardy the full faith and credit of this country is really going to hurt everybody. surely middle-class people and people trying to climb up the ladder. it's reckless. and when they talk about, well, let's pay some of our bills and let's not pay others, i said to a reporter, asked me yesterday about this, i said, well, now you tell me which ones. individual homes have trouble doing that and prefer not to. the greatest nation in the world is going to say, we're going to pay some bills and not others and boll bondholders and defense contractors and social security recipients? host: jodie on twitter asks -- guest: sure, there are administrative costs, social security and medicare. by the way, in terms of administrative costs better than any other -
FOX Business
Jan 16, 2013 9:20am EST
of exhausted from that. then you have got of course the budget fight going forward and the debt ceiling and all those things. and finally, you've got problems with senate democrats, some senate democrats who oppose major gun reforms. stuart: all right, peter, tell it how it is. thank you very much indeed. >>> president obama will make his announcement surrounded by children who wrote him letters. mother of six is rejoining us. welcome back. >> thank you. stuart: the president is about to make the announcement, all these proposals on gun control, in the background right behind him, very young children. some people say this is the wrong use of children. and you say? >> i completely agree. i think the presidency of the united states and the weight of the presidency should be enough for the president to stand up and announce his new reforms on gun control. having the visual of the -- of a bunch of children is really not what we're looking for. we need the president to stand up with other adults saying we have the backs of the children, not the other way around. stuart: the other people with us toda
ABC
Jan 16, 2013 1:40am PST
run out of money to pay its bills by the end of february if that debt ceiling isn't raised. congress is preparing to debate it, but it could be a politically charged battle. >>> all right. a big political comeback getting underway today. you might remember former south carolina governor mark sanford. well, back in 2009 he admitted to having an affair with a woman from argentina, who is now his fiance. he announced he's running for his old congressional seat. >>> all right. and you don't hear a story like this often. it comes to us from the suburbs of stockholm, sweden. that's where a cleaning lady stole an empty commuter train and drove it into an apartment building. >> she was at the controls for about a mile. then the train derailed before hitting the building. the woman was seriously injured. she was the only person hurt. i guess she was the only one on the train. >> not good. what were you thinking? >> i wonder why she did that. >> i don't know. >> we need more information on that one. >> yeah, we do. >>> let's talk about our wednesday weather. heavy rain from the gulf coast into
CNN
Jan 16, 2013 6:00am PST
the summer debt ceiling debate. guess what? shares of goldman have gained 48% in 2012. the rally has continued this year. goldman sachs shares right now are up 2.5% in the premarket, carol? >> all right, alison kosik reporting live from the new york stock exchange. >>> a huge winter mess stretches from maine to mississippi. there's a 40-mile backup in massachusetts. new prilosec otc wildberry is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. to help protect your eye health as you age... would you take it? well, there is. [ male announcer ] it's called ocuvite. a vitamin totally dedicated to your eyes, from the eye care experts at bau
FOX News
Jan 16, 2013 10:00am PST
in the future. you remove that debt ceiling and you totally reversed that financial principle. what you're saying is, we will make our children pay in the future for the bills that we run up today. and that's a reversal of america's financial history for the past, what, i think 238 years. and there's a moral implication here. should you be placing the bills that you have run up on your children? i wouldn't do that with my children. i don't think the country should do it with its children. >> megyn: so this is why the republicans are saying, we're just not going to raise your credit limit, america's credit limit any higher, until we can get our spending under control and president obama keeps saying we'll he have that conversation, that's a separate conversation, raise the debt limit because we have to pay the bills and republicans say we're going to pay the bills and pay our creditors and may have to shut down government agencies for a time being. but they say you've never had the conversation, you keep saying you have the spending cuts, but you never do it. >> and the president consist
CSPAN
Jan 15, 2013 8:00pm EST
of saving face really. i think again the president was right to be blunt and i think what will happen is the republicans eventually will decide on one of two courses. number one, to plunge a the cliff in terms of debt ceiling were to sit down with the president and discuss a balanced approach. there are only two alternatives here. >> the president said he's not going going to discuss it. >> he said he didn't want to discuss the debt ceiling. he said he wanted to discuss what it would take to avoid sequestration. >> i wanted to change the subject. i wanted to change the subject to gun control. you are here when the assault weapons ban passed. i'm curious if this deep divide between republicans and democrats coming to think that that is a possibility? any common ground piece of legislation in the ipo to get through. >> now, i think it is realistic. you know, i think the ground is shifting. i think the ground shifted when it came to how we deal with the deficit in this country. i think when senator mcconnell said the allied trade essentially voted for the status quo he was wrong. i think
FOX News
Jan 16, 2013 6:00am PST
of the debt ceiling, but because they want a credible deficit reduction plan, and the president doesn't seem to be interested in actually coming up with a credible way to deal with the amount of spending we are doing in this country. bill: if that is the says, doyoo many me, do you think it can get through the senate. >> i imagine harry reid under the direction of the president will try to block these things. i'm going to continue to cosponsor senator haopl me's plan. we have a spending problem in this country. they know it in wyoming, families have to balance their budget every year. many states do. we do in wyoming. it's time for this senate and the house and the president to get serious about limiting our spending and specifically the wasteful spending that continues. in the last hour stewart varney and martha talked about some of the abuses that continue to go on. people know that their tax dollars are being wasted. we need to get the spending under control. bill: two days ago brit hume told us this will be bloody, this battle. will it? >> the future of our country is at stake here and t
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